Pacific Capital Wealth Advisors Inc. Purchases New Stake in The Procter & Gamble Company (NYSE:PG)

Pacific Capital Wealth Advisors Inc. bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 238 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors also recently modified their holdings of the company. Naples Money Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $29,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $33,000. Criterion Capital Advisors LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $33,000. Finally, Mendota Financial Group LLC raised its position in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded up $1.32 during midday trading on Tuesday, reaching $165.76. 6,374,243 shares of the stock were exchanged, compared to its average volume of 6,896,868. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $166.04. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a market cap of $391.22 billion, a P/E ratio of 27.09, a PEG ratio of 3.34 and a beta of 0.43. The stock’s 50 day simple moving average is $160.23 and its 200 day simple moving average is $154.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James increased their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the transaction, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 31,859 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The disclosure for this sale can be found here. Insiders have sold a total of 118,724 shares of company stock worth $19,312,729 over the last 90 days. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.